The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: My first question, I know it was only out yesterday, but I guess any initial thoughts on the Power Canada forward vision document that the federal
government released last night? I know it sounds like Alberta wasn't too happy with the document in terms of potential strings attached to tax
credits, but I was wondering if you have any initial thoughts.
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Okay. And then the next question is probably for Jean. In terms of raising debt on the 3 hydro assets, I presume it will be like long-term fixed-rate
advertising debt. Given where interest rates are in terms of how high they are, is there any way to structure the debt or leave some of the debt
floating to benefit from long-term rates when they eventually come down? Or is it your strategy to just fix the rate today?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Okay. That's great. So just to clarify, when you raise this debt and get roughly $170 million of proceeds, you're pulling these assets from the credit
facility that it supports? So does the size of the credit facility to come down?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Okay. And then a quick one on prospective project costs. I think you gave some guidance that you're looking to spend about $35 million to $40
million per year. I think the trailing 12 months was about $26 million on prospective projects. So do you expect to quickly -- obviously, you have a
lot on your plate right now. So is that 35% to 40% more like something you would look to spend next year and this...
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Okay. And then I'll just try to squeeze one last quick one. The ERP implementation, I think you started earlier this year, when will that be done?
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